Polypropylene Technology Ineos Provides Polypropylene Technology to Vietnam
Ineos Technologies was able to core a deal for it's proprietary Innovene PP process technology with Vung Ro Petroleum of Vietnam: The company will provide the technology to manufacture homopolymers, random copolymers and impact copolymers for Vung Ro's new 900kte polypropylene project in Hoa Tam.
Hoa Tam Commune/Vietnam – "Ineos Technologies is proud to have been selected by Vung Ro Petroleum as its technology partner for the development of its polypropylene business. Vung Ro’s refinery project will contribute to the continuing growth of the economy of Vietnam and neighbouring countries”, explained Peter Williams, CEO of Ineos. The 900 KTA Innovene PP plant will produce a wide range of polypropylene grades to serve the growing demand in the Asian market.
Vung Ro Petroleum's CEO Kirill Korolev added: "We are pleased to have selected Ineos Technologies' Innovene PP process as an integral part of our refinery project. The Innovene PP process will provide Vung Ro Petroleum with an advanced polypropylene process with advantaged economics and broad product reach."